Latin American Economic Development Association Inc

Analysis

Latin American Economic Development Association Inc is a registered charity in United States, based in Camden, NJ. It received its IRS tax-exemption ruling in July 1989, 37 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Latin American Economic Development Association Inc reported income of $499k and spending of $524k, spending 105% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $375k to $499k (+33%), an average of +7.4% a year. The sharpest change came in the year to June 2021, when income rose by 32%. Over the whole period it spent 105% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Latin American Economic Development Association Inc sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 75th percentile within NJ. Charities of a similar size with the same main cause include Wisdom of the Elderberry Farm ($498k), Blackbelt Treasures ($499k) and Naugatuck Valley Project Inc ($498k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 112% of the total. Compensation of current officers, directors and key employees was $113k (22% of expenses). Other salaries and wages came to $254k. At year end it held assets of $1.5m against liabilities of $631k, net assets of $856k. It reported 10 employees.